Buriram Sugar Public Company Limited Proposes Dividend Payment for 2020, Payable on May 28, 2021
February 23, 2021 at 08:17 pm EST
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Buriram Sugar Public Company Limited announced approval for the dividend payment from the retained earnings on the separate financial statement for the operating result of 2020 to the company's shareholders for 812,099,845 ordinary shares at the rate of THB 0.06 per share from the company's earnings with the corporate income tax exemption (BOI) at the rate of THB 0.0252 per share, and the dividend payment drawn from the company's earnings is subject to 20% of the corporate income tax at the rate of THB 0.0348 per share. Thus, the total dividend payment is THB 48,725,990.70 or equivalent to 26.01% of retained earnings of the separate financial statement, which does not comply with the company's dividend payment policy since the company aimed to use as the working capital in business operations and invest so the company agreed to reserve the working capital for support this matter. Hence, the record date of the share register book for the right to receive dividend on May 14, 2021 and the annual dividend payment shall be made on May 28, 2021, and further proposed to the shareholders for consideration and approval. In addition, the retained earnings on the separate financial statement of THB 9,369,515.07 will be allocated as legal reserve.
Buriram Sugar Public Company Limited is a Thailand-based company, which is engaged in the manufacture and distribution of sugar. The Company's segments include production and distribution of sugar and molasses, distribution of agricultural products, production and distribution of electricity and steam, and other. It operates an integrated business of raw sugar and brown sugar manufacturer and distributor both for domestic sale and export, including residues from sugarcane plantation and sugar production such as, bagasse, filter cake and molasses to further advance the business utterly, which consists of biomass power plant, organic fertilizer, eco-friendly packaging product and bagasse pulp business, including managing and supporting business; research and development of sugarcane as well as logistics management and services business. Its sugar business, residues from sugarcane plantation and sugar production business, and supporting business are operated through its subsidiaries.
BURIRAM SUGAR 
